Deal Analysis in Glendale, Arizona

[Yoselin Pearce]

Hi everyone!

I'm a new investor looking to purchase my first property / house hack by early winter of this year. I currently live in Los Angeles / Orange County, so I would realistically need to move OOS to do this. All good... always happy to start a new adventure!

I've been analyzing multi-family properties near the Phoenix, AZ area to practice for when I'm ready to make some offers. I came across this deal recently, and it seems fantastic to me. I would have $400 cash flow after all expenses (PITI, vacancy, management, etc.) assuming rent is $850 per unit (in my calculations, I would be paying $850 as well). However, I notice it's been listed since 1/29/2021, which is a rather long time.

By looking at the listing, is there anything I may be missing? It seems odd to me that it's been listed for so long. Here is the listing: https://www.realtor.com/reales...

Thank you in advance.

Yosi